Nonprofit · EIN 54-0600387
HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE
Tax-exempt · NORFOLK, VA 23510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,054,808 | $4,054,189 | $619 | $4,202,961 | $366,460 | $3,836,501 |
| December 31, 2023 | 990 | $3,575,930 | $4,145,174 | -$569,244 | $4,121,084 | $285,202 | $3,835,882 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,921,473
- of which government grants
- $1,919,385
- Program service revenue
- $93,673
- Investment income
- $39,662
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $976,224
- Other salaries and wages
- $1,137,852
- Salaries, compensation and benefits (total)
- $2,398,392
- Professional fundraising fees
- $0
- Legal fees
- $4,963
- Accounting fees
- $9,950
- Occupancy
- $178,756
- Travel
- $63,142
- Depreciation
- $40,491
- Program services (functional)
- $3,605,447
- Management and general (functional)
- $448,742
Balance sheet and other
- Total assets, start of year
- $4,121,084
- Total assets, end of year
- $4,202,961
- Total liabilities, end of year
- $366,460
- Net assets, end of year
- $3,836,501
- Land, buildings and equipment
- $101,946
- Net assets without donor restrictions
- $3,836,501
- Gross receipts
- $4,054,808
- Employees
- 17
- Volunteers
- 38
- Year formed
- 1997
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOUGLAS L SMITH | PRESIDENT & Officer | 37.5 | $430,946 | $90,079 |
| JARED CHALK | CHIEF BUS. D Officer | 37.5 | $248,797 | $28,607 |
| STEVE HARRISON | COO Officer | 37.5 | $162,394 | $15,401 |
| KEITH VANDERVENNET | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT DUVALL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BUFFY BAREFOOT | TREASURER Trustee or director, Officer | 0.3 | $0 | $0 |
| KENNETH C ALEXANDER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| ROBERT M DYER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| SHANNON GLOVER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| PHILLIP JONES | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DOUGLAS PONS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DONNIE TUCK | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| RICHARD W WEST | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DARRELL WILLIAMS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| AUBREY LAYNE | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CULLEN GLASS | DIRECTOR Trustee or director | 0.3 | $0 |
| KATHERINE BOND | DIRECTOR Trustee or director | 0.3 | $0 |
| JERRY MILLER | DIRECTOR Trustee or director | 0.3 | $0 |
| JOHN LAWSON | DIRECTOR Trustee or director | 0.3 | $0 |
| NNEKA CHIAZOR | DIRECTOR Trustee or director | 0.3 | $0 |
| MARY BUNTING | EX-OFFICIO Trustee or director | 0.3 | $0 |
| SHAWN AVERY | EX-OFFICIO Trustee or director | 0.3 | $0 |
| SEAN WASHINGTON | EX-OFFICO Trustee or director | 0.3 | $0 |
| NANCY GRDEN | EX-OFFICO Trustee or director | 0.3 | $0 |
| WILLIAM R ERMATINGER | EX-OFFICIO Trustee or director | 0.3 | $0 |
| JAMES WOOD | EX-OFFICO Trustee or director | 0.3 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOUGLAS L SMITH | PRESIDENT & Officer | 37.5 | $403,171 | $84,467 |
| JARED CHALK | CHIEF BUS. D Officer | 37.5 | $187,182 | $17,686 |
| STEVE HARRISON | COO Officer | 37.5 | $153,023 | $13,895 |
| KEITH VANDERVENNET | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BILL ERMATINGER | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DIANE LEOPOLD | TREASURER Trustee or director, Officer | 0.3 | $0 | $0 |
| KENNETH C ALEXANDER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| SHAWN AVERY | EX-OFFICIO Trustee or director | 0.3 | $0 | $0 |
| BUFFY BAREFOOT | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MARY BUNTING | EX-OFFICIO Trustee or director | 0.3 | $0 | $0 |
| ROBERT DUVALL | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| ROBERT M DYER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| NANCY GRDEN | EX-OFFICO Trustee or director | 0.3 | $0 | $0 |
| RICHARD DICK GRICE | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| PHILLIP JONES | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| FLORENCE KINGSTON | EX-OFFICO Trustee or director | 0.3 | $0 | $0 |
| AUBREY LAYNE | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DOUGLAS PONS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DONNIE TUCK | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| RICHARD W WEST | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DARRELL WILLIAMS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JAMES WOOD | EX-OFFICO Trustee or director | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3 COMMERCIAL PL STE 1320, NORFOLK, VA 23510-2113
- Principal officer (990 for 2024)
- DOUGLAS L SMITH, 3 COMMERCIAL PLACE, NORFOLK, VA 23510
- Signed the 990
- DOUGLAS L SMITH, PRESIDENT & CEO
- Phone
- (757) 627-2315
- Website
- HAMPTONROADSALLIANCE.COM
- Return prepared by
- JONES CPA GROUP PC
Mission
THE MISSION OF THE HAMPTON ROADS ECONCOMIC DEVELOPMENT ALLIANCE IS BUSINESS ATTRACTION--MARKETING VIRGINIA'S HAMPTON ROADS REGION AS THE PREFERRED LOCATION FOR BUSINESS INVESTMENT AND EXPANSION. ALL HREDA INITIATIVES ARE DESIGNED TO SECURE VISITS WITH QUALIFIED BUSINESS PROSPECTS.
Program accomplishments
- THE ORGANIZATION PROMOTES ECONOMIC INVESTMENT AND BUSINESS EXPANSION IN THE HAMPTON ROADS AREA AND FROM THROUGHOUT THE WORLD THROUGH MARKETING.Expenses $2,404,869 · revenue $93,673
- THE ORGANIZATION PROVIDES RESEARCH RESOURCES THAT PROVIDE MATERIAL ABOUT THE HAMPTON ROADS REGION.Expenses $782,913
- THE ORGANIZATION IS INVOLVED WITH ATTRACTING AND RETAINING INVESTORS THROUGH INVESTOR RELATIONS INITIATIVES.Expenses $417,665
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-0600387
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $4,202,961
- Income (IRS master file)
- $4,054,808
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,054,808 | $4,054,189 | $4,202,961 | IRS |
| 990 | December 2023 | $3,575,930 | $4,145,174 | $4,121,084 | XML |
| 990 | December 2022 | $3,867,938 | $3,508,588 | $4,472,009 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-0600387).
Questions about HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE
- What is the EIN of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE?
- The employer identification number (EIN) of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE is 54-0600387.
- Is HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE?
- The 990 for the year ended December 31, 2024 names DOUGLAS L SMITH.
- Who are the officers and directors of HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE?
- The 990 for the year ended December 31, 2024 lists 26 people; 3 received compensation from the organization, the highest $430,946 (DOUGLAS L SMITH, PRESIDENT &).
- How much revenue does HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,054,808, expenses of $4,054,189 and total assets of $4,202,961 at year end.
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